NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
28 hedge funds and large institutions have $33M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 5 closing their positions.
120% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 5
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
17% more capital invested
Capital invested by funds: $28.4M → $33M (+$4.68M)
4% more funds holding
Funds holding: 27 → 28 (+1)
0.54% more ownership
Funds ownership: 6.53% → 7.07% (+0.54%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.94M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$710K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$551K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$478K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$413K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$958K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$626K |
| 3 |
OC
Oppenheimer & Co
New York
|
-$222K |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$194K |
| 5 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
-$181K |
MMD Hedge Fund Activity: Q1 2014 in Review
28 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q1 2014, worth a combined $33M — up 17% from $28.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MMD positions and 5 closed out — a net gain of 1 holder — while 11 added to existing stakes and 5 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.94M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $958K sold.
- 28 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q1 2014, up from 27 in Q4 2013.
- Funds reported $33M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q1 2014, up 17% quarter-over-quarter.
- 6 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q1 2014 and 5 closed out, a net change of +1 holder.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q1 2014 was Wells Fargo, an estimated $1.94M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q1 2014 was Mariner Investment Group, an estimated $958K sold.
Based on aggregated 13F filings for Q1 2014.